Genworth Mortgage Insurance Australia

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Bollinger Bands

Score

0.65

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 11 30.3 0.36% 0.57% 8.5% -2.5% 16.6%
SHORT 10 41.2 0.20% 0.25% 22.9% -3.0% 21.8%

Summary

Technical Analysis


The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.

Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);


PROFILE: Genworth Mortgage Insurance Australia (GMA.AX)


Stock Exchange: ASX
Company: Genworth Mortgage Insurance Australia
Ticker Codes: | GMA.AX | ASX:GMA |

About Genworth Mortgage Insurance Australia (ASX:GMA):

Genworth Mortgage Insurance Australia Limited, through its subsidiaries, engages in the loan mortgage insurance business in Australia. The company facilitates residential mortgage lending by transferring risk from lenders to lenders mortgage insurance (LMI) providers, primarily for high loan-to-value ratio residential mortgage loans. It underwrites LMI through flow and portfolio channels. The company was founded in 1965 and is based in North Sydney, Australia. Genworth Mortgage Insurance Australia Limited is a subsidiary of Genworth Australian General Partnership.

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Bollinger Bands

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